Elixir Capital Faces Intense Selling Pressure Amid Significant Price Declines

Elixir Capital Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The stock has experienced a consecutive decline over the past three days, resulting in a total loss of 5.86% during this period. Today, Elixir Capital opened with a gap down of 2%, reaching an intraday low of Rs 137.45.
In terms of performance relative to the Sensex, Elixir Capital has underperformed significantly. While the Sensex gained 0.47% today, Elixir Capital's performance was down by 2.00%. Over the past month, the stock has declined by 2.24%, contrasting sharply with the Sensex's increase of 4.08%. The three-month performance shows a stark decline of 60.85% for Elixir Capital, while the Sensex fell only 1.33%.

Despite a strong one-year performance of 66.30%, the year-to-date results reveal a troubling decline of 59.24%, compared to the Sensex's minor drop of 0.62%. The stock's current trading levels are above the 20-day moving average but below the 5-day, 50-day, 100-day, and 200-day moving averages, indicating a potential shift in market sentiment.